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big government and big banks have failed us. the crushing weight of the potential markets have yet to be fixed. that has helped to inhibit the ability of the american people to move forward. it is never a failure of the american people. that is not why we are having the difficulties we are having. it is the failure of governments to affect the larger institutions. for a period of time, you are about something that is too big to fail. they already have. they continue to drag down the ability of the american people to move forward. it is a change to actual leadership and a change to bring government into the 21st century, a realization that what has happened on wall street has failed. allow the american people to six those problems and moved forward. for the republicans, everything in the world is moving toward empower you to make more and more of your own decisions. it is what the basis of the free republic is. it is the basis of voluntary community organizations. these are the things that are happening. the only concern people h
big government and big banks have failed us. the crushing weight of the potential markets have yet to be fixed. that has helped to inhibit the ability of the american people to move forward. it is never a failure of the american people. that is not why we are having the difficulties we are having. it is the failure of governments to affect the larger institutions. for a period of time, you are about something that is too big to fail. they already have. they continue to drag down the ability of...
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. >> i want to talk about the big month coming up in iowa in august. there's a lot going on in the g.o.p. primary. can you handicap the race for us a little bit in iowa and specifically handicap the straw poll, as you see it now, a couple of weeks out? >> well, first of all, it's a very fluid situation. as you know, the last time romney won the poll but then the iowa caucuses was won by governor huckabee. since huckabee decided relatively late not to run, things are wide open. and romney is not competing in the straw poll. so, you know, the two -- romney is the national frontrunner but not competing in the straw poll. so you've got a wide open situation. congressman michelle bachmann was born and raised in iowa. i think she got off to a really good start here. governor pawlenty, the former governor of minnesota, although he's not done well in the polls, he may surprise some people i think he may do better than people expect. also, you got ron paul, who's going to be competitive in this. herman cane. rick santorum. just recently rick perry, although he'
. >> i want to talk about the big month coming up in iowa in august. there's a lot going on in the g.o.p. primary. can you handicap the race for us a little bit in iowa and specifically handicap the straw poll, as you see it now, a couple of weeks out? >> well, first of all, it's a very fluid situation. as you know, the last time romney won the poll but then the iowa caucuses was won by governor huckabee. since huckabee decided relatively late not to run, things are wide open. and...
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now the big guy comes up to bat, hitting .342 with 92 rbis and 36 homers. [fans whirring] [ding] announcer: chill raw and prepared foods promptly. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back to "state of the union." i am gloria borger. candy crowley is off today. and joining me from south dakota, mr. san de, i have to ask you off the bat. you have been listening out there this morning. what is your reaction to what you are hearing from mitch mcconnell and senator schumer? >> great news. sounds like we will avoid a crisis. $3 trillion in deficit reduction over the next ten years is more than what i would have expected. if they follow-through on that it's great news. it gets us close to the fiscal responsibility, and that's what we need to get to to restore stau stainability in the fiscal responsibility. if they pull it off i think we will be in good shape. >> how do you think the markets will react? >> very positively. i think the markets expect they will get som
now the big guy comes up to bat, hitting .342 with 92 rbis and 36 homers. [fans whirring] [ding] announcer: chill raw and prepared foods promptly. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back to "state of the union." i am gloria borger. candy crowley is off today. and joining me from south dakota, mr. san de, i have to ask you off the bat. you have been listening out there this...
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we will be doing a very big report and not from autumn. we start to say it is hard to know the effect of people are not keeping the data on gender. we are now opening a data gender initiative. what i find most, just to give you an example of what this could be in real life, you cannot get on our web site, and you can punch up a country, and you can see all the projects in the country and learn what is going on in the project. by the end of the years so we will have this for lending as well. you can say we think this is what the results are, but this is what we see in the village. this is a whole transformational climbing of what was traditionally seen as a hierarchal call system. i think it reflects what is happening more broadly. let's go to a couple of questions. in many developed countries there are issues with property items. people do not have documents on the property. how does this affect domestic and element -- development. the question is exactly right, property rights are fundamental. since i was making the point recently on gend
we will be doing a very big report and not from autumn. we start to say it is hard to know the effect of people are not keeping the data on gender. we are now opening a data gender initiative. what i find most, just to give you an example of what this could be in real life, you cannot get on our web site, and you can punch up a country, and you can see all the projects in the country and learn what is going on in the project. by the end of the years so we will have this for lending as well. you...
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that's a big, big number this morning. >> steve: sure. and we understand as well, right this very minute in that round building behind you at the capitol, supposedly both sides are trying to figure out how to cut the debt. they're trying to come up with a debt limit deal and they're going to meet with the president again on sunday. but with this information, where the unemployment is going up, mr. baer, you would think that would embolden the republicans 'cause then they can say look, mr. president, you can not raise revenue or increase taxes when unemployment is going that way! >> this doesn't help the negotiations. that's probably true, steve. we have senator mitch mcconnell on fox news sunday before he heads into that big meeting at the white house. it will be interesting to get his take. there is some skepticism on all sides about this deal that is now kind of a mega deal that is said to include restructuring of the tax code, moving down the corporate tax rates, taking out tax loopholes, but also touching on entitlements and medicare
that's a big, big number this morning. >> steve: sure. and we understand as well, right this very minute in that round building behind you at the capitol, supposedly both sides are trying to figure out how to cut the debt. they're trying to come up with a debt limit deal and they're going to meet with the president again on sunday. but with this information, where the unemployment is going up, mr. baer, you would think that would embolden the republicans 'cause then they can say look, mr....
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the floor here from the state of pennsylvania has come in and said defaulting on the debt is not that big a deal. it can be, quote in his words, easily managed. does the senator from arizona agree with that thinking? mr. mccain: as the senator may know, i came to the floor a couple of days ago and made that comment, and the senator from illinois and i are in agreement, point number one. you can prioritize -- i think the senator and every economist i know literally would agree. you can prioritize for awhile where you want what remaining money is left. but the message you send to the world, not just our markets but to the world, that the united states of america is going to default on its debts is a totally unacceptable scenario and beneath a great nation. we are in agreement, number one. mr. durbin: amen. mr. mccain: number two is that to insist, to insist that any agreement is based on the passage through the united states senate of a balanced budget amendment to the constitution of the united states, as i said before, is not fair to the american people because, because the terrible obstr
the floor here from the state of pennsylvania has come in and said defaulting on the debt is not that big a deal. it can be, quote in his words, easily managed. does the senator from arizona agree with that thinking? mr. mccain: as the senator may know, i came to the floor a couple of days ago and made that comment, and the senator from illinois and i are in agreement, point number one. you can prioritize -- i think the senator and every economist i know literally would agree. you can...
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this is big for the republicans. never done before with a long-term budget plan to bring down the deficit. now everybody agrees also there has to be a balanced approach. they agree to $1.6 trillion in cuts and what the president is saying is there's $400 billion in tax subsidies. tax give ways, as al you mentioned, tot hedge fund managers, that we can no longer afford. now if republicans don't buy that, as david brooks said nothing in the new york times, they are idiots. they don't know how to govern. they won. they ought to take this deal. >> mr. brooks, conservative columnists, is saying come on. you are marginalizing yourself. can't even you even hear from your own people that ideal logically agreed with the republican line. >> well, look, reverend sharpton, you showed some polls a minute ago that showed 70 or 8 30ers don't agree with republican owns this or that or the other thing. if the republicans are standing up for their convictions and beliefs against the tide of public opinion, it may be political courage
this is big for the republicans. never done before with a long-term budget plan to bring down the deficit. now everybody agrees also there has to be a balanced approach. they agree to $1.6 trillion in cuts and what the president is saying is there's $400 billion in tax subsidies. tax give ways, as al you mentioned, tot hedge fund managers, that we can no longer afford. now if republicans don't buy that, as david brooks said nothing in the new york times, they are idiots. they don't know how to...
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being governor of a big state like texas is successful in economic development. harry -- perry also has a following among economic and social conservatives, so he has the potential to appeal to a broad base of republican caucus goers. >> do you think if he were to get into the race, he would be in competition to win the caucuses? >> it is hard to say. it all depends upon how much time he spends in iowa, how good an organization he puts together, and what kind of vision he is able to show where he would leave the country -- lead the country. >> with rick perry getting into the caucus, doesn't it romney need to rethink where he is setting? >> it is my and standing that his strategy this time is not to spend a lot of time and money here early in the straw poll, but instead but his focus on -- he is going to participate in the debate, and he intends to compete in the caucasus, and i think he recognizes you cannot be a national front runner and not compete in the first state. >> governor perry would come in on the right flank of the republican party. he is a conservat
being governor of a big state like texas is successful in economic development. harry -- perry also has a following among economic and social conservatives, so he has the potential to appeal to a broad base of republican caucus goers. >> do you think if he were to get into the race, he would be in competition to win the caucuses? >> it is hard to say. it all depends upon how much time he spends in iowa, how good an organization he puts together, and what kind of vision he is able to...
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i think the stimulus was not big enough. too much of it was not in tax cuts that are not an efficient way to get the economy to grow, and one of the things that was under appreciated about a was a big part of what was doing was helping prevent local governments from laying people off. the stimulus gets far less credit than it deserves. actually did help create and protect jobs, but we need more and more targeted efforts right now to actually create jobs. the ideas you hear being talked about right now -- people are talking about, "what about a corporate tax holiday?" all of these corporations are off shoring hundreds of billions of dollars because they have to pay taxes to bring it back to the u.s. we will let them bring it back at 5 cents on the dollar, and maybe they'll use it to create jobs. they are already sitting on literally billions of dollars in profits that they are not spending. or another payroll tax cut. again, same problem. i do not see how that will create jobs in corporations are already making record profits
i think the stimulus was not big enough. too much of it was not in tax cuts that are not an efficient way to get the economy to grow, and one of the things that was under appreciated about a was a big part of what was doing was helping prevent local governments from laying people off. the stimulus gets far less credit than it deserves. actually did help create and protect jobs, but we need more and more targeted efforts right now to actually create jobs. the ideas you hear being talked about...
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that could be hurt. >> big time. if we lose our triple a rating, it's absolutely going to affect every dollar in this chrism there is no way around it. so everything that we need is going to cost us more. you can remember that our country runs -- we borrow 43% in order for us to survive. any household or any business -- if this is a business, our country was a business, borrowing 43% to survive, i'd shut it down. it doesn't work. >> gregg: all right. i want to ask you about this 'cause i was talking to a gentleman in a department store two days ago. 86 years old. he really needs his social security check. he's really, really worried about that. the president has sort of suggested that he might have to cut off social security checks. how realistic is that? >> i hate this. i hate the scare tactics that this man continues to do. if you are over 55 years old, you are not impacted by this. it's for the people under 55 who will have a choice in the matter. that's reality. what he's doing is trying to rattle everybody's cag
that could be hurt. >> big time. if we lose our triple a rating, it's absolutely going to affect every dollar in this chrism there is no way around it. so everything that we need is going to cost us more. you can remember that our country runs -- we borrow 43% in order for us to survive. any household or any business -- if this is a business, our country was a business, borrowing 43% to survive, i'd shut it down. it doesn't work. >> gregg: all right. i want to ask you about this...
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the buttons are nice and big and colorful. so kids can figure out how to use them easily. >> rick: ava, what do you think of that one? do you like it? >> yeah. >> ava is hold ago disney camera you can print your favorite princess into your camera. >> rick: you want that one? >> the leg goes go camera, that's for 7 and up. but it was very popular with our kid testers. in fact, a lot of grownups at "consumer reports" really liked that camera, too. it's leggo. it's so cool. >> rick: my kids watch my wife and me taking pictures and they want to do the same thing. >> they're great because they're easy to use for the kids. they don't take the big quality pictures, but it doesn't matter, because they have fun playing with them. >> rick: this is a company that i recognize. they make a lot of great stuff. i'll give this one to ava. >> this is our top pick for younger kids. it has all the bells and whistles that the other cameras have. it's also a gaming machine. it has a couple built-in games and has settings that you can set and a vol
the buttons are nice and big and colorful. so kids can figure out how to use them easily. >> rick: ava, what do you think of that one? do you like it? >> yeah. >> ava is hold ago disney camera you can print your favorite princess into your camera. >> rick: you want that one? >> the leg goes go camera, that's for 7 and up. but it was very popular with our kid testers. in fact, a lot of grownups at "consumer reports" really liked that camera, too. it's...
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on the one hand we have people who say the government has grown too big. republicans are saying we cannot afford it anymore. it is hurting the economy. it's a vision for the future that is very, very different from our colleagues across the aisle who basically see government as much more engaged in the process and don't want to cut back on a number of programs, a number of initiatives, a number of policies that have been put in place over a number of years. and it's not quite that clearly divided by this aisle. there are people on both sides that have shades of one way or shades of the other way. but the reality is, if we look around the world and we lack at models as to what makes economies flourish and what makes governments financially stable, we see that an overgrowth of promises, an overpromising parliaments and congresses finally brings us to the point where you no longer can afford what you promise people. that's where we are now. and so without putting those practices in place, i fear that whatever we do won't be sufficient. we'll get the downgrade
on the one hand we have people who say the government has grown too big. republicans are saying we cannot afford it anymore. it is hurting the economy. it's a vision for the future that is very, very different from our colleagues across the aisle who basically see government as much more engaged in the process and don't want to cut back on a number of programs, a number of initiatives, a number of policies that have been put in place over a number of years. and it's not quite that clearly...
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indeed, that would just give a blank check to the big spenders. they could run for two years. and why is it so important to get a longer debt, bigger debt ceiling increase? and i also thought and believe we have an agreement that the debt ceiling shouldn't be increased more than spending is decreaseed. spending decreased over ten years. you cut $1 trillion, you raise the debt ceiling $1 trillion. we give you ten years on spending cuts, but immediately you get a $1 trillion increase in the debt ceiling. why are we in this fix? this is why. i hate to say it. this is why, there is no doubt about it. the president said last week the only bottom line that i have is that we extend this debt ceiling through the next election until
indeed, that would just give a blank check to the big spenders. they could run for two years. and why is it so important to get a longer debt, bigger debt ceiling increase? and i also thought and believe we have an agreement that the debt ceiling shouldn't be increased more than spending is decreaseed. spending decreased over ten years. you cut $1 trillion, you raise the debt ceiling $1 trillion. we give you ten years on spending cuts, but immediately you get a $1 trillion increase in the debt...
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is not powerful now as a big u.s. debt holder china will for sure be affected. >> reporter: in australia, too. >> makes it much more expensive for tourists to visit australia. those parts of our economy exposed to the tourist sector, we've spent a lot of money promoting australia overseas, are not going to benefit so greatly from that. >> reporter: in tokyo some economic experts see history repeating itself. they compared the current u.s. debt crisis to japan's crippling recession of the 1990s. >> it's exact replay of what we went through in japan 10, 15 years ago. >> reporter: however the debate plays out in washington, experts say the financial ripples will be felt around the world. >> it's an issue that really is lurking in the background of each and every economy of the world. >> reporter: jonathan man reporting. >> seven minutes past the hour. the politics of a deadline deal, anybody going to come out of this looking good? does it matter at this point? maria and lenny always looking good. we'll see if they sound
is not powerful now as a big u.s. debt holder china will for sure be affected. >> reporter: in australia, too. >> makes it much more expensive for tourists to visit australia. those parts of our economy exposed to the tourist sector, we've spent a lot of money promoting australia overseas, are not going to benefit so greatly from that. >> reporter: in tokyo some economic experts see history repeating itself. they compared the current u.s. debt crisis to japan's crippling...
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conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention to what's on the table now. >> exactly and i think the democratic base won't be happy no matter how this turns out but i think it's entirely possible that over the next 48 or 72 hours that the republican base will become really frustrated and angry because what -- there was one long-time, congressman tom cole, been around washington for a long time, he said this week, there's a lot of learning going on in our caucus and they're learning they don't own the senate and they can't push pure snow what their proposal is and it was his estimation
conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention...
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go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> yes, people can be critical of what we've done. but where are the other ideas? at this point in time, the house is going to act, we're going to act again. but it is final for our colleagues across the aisle to tell us what they're for. tell us how we can end this crisis. >> welcome back to "hardball." that was speaker john boehner before the house voted to pass his debt ceiling bill. joining us now republican congressman from kansas who voted against the boehner bill. congressman, welcome, why did you vote against it? >> i don't think it does enough. we've got a $14.3 trillion deficit. it made progress in the right way. i appreciate the efforts of our leadership. the problem remains the senate hasn't put a plan out yet. hopefully they might get started this weekend. >> common sense would dictate if you didn't go for what the republican house passed, there's a small prospect you'll be satisfied with what comes back from the senate. >> a
go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> yes, people can be critical of what we've done. but where are the other ideas? at this point in time, the house is going to act, we're going to act again. but it is final for our colleagues across the aisle to tell us what they're for. tell us how we can end this crisis. >> welcome back to "hardball." that was speaker john boehner before the...
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and compromises have already occurred, big compromises. most of us on this side of the aisle really believe that the way we get at our long-term debt structure is a responsible approach that includes some revenues. now, i'm advocating cleaning out the goodies in the tax code so we can lower some tax rates. i don't understand how you can at the same time vote to gut the medicare program and vote to continue writing checks to big oil. i cannot imagine that i would vote to keep writing a taxpayer check to the most wealthy and profitable corporations in the history of the world at the same time i was voting to put medicare on a voucher program. saying to seniors, you know, if you're 83 and you got three chronic illnesses and you run out of medicare coverage, you're on your own. i can't imagine doing that. but we compromised. we compromised and said, okay, we'll set revenues aside for now. you won't vote for revenues, republican party, members of the house in the republican party you'll not vote for revenues, we tack revenues off the table. so
and compromises have already occurred, big compromises. most of us on this side of the aisle really believe that the way we get at our long-term debt structure is a responsible approach that includes some revenues. now, i'm advocating cleaning out the goodies in the tax code so we can lower some tax rates. i don't understand how you can at the same time vote to gut the medicare program and vote to continue writing checks to big oil. i cannot imagine that i would vote to keep writing a taxpayer...
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. >> and this speaks it a big concern in that et fis behind you, that if the aaa bond rating is reduced it'll be on the president's watch. >> right. >> that's been the issue here for this white house bp that's why the number one they want to move this debt ceiling issue away from the next two years. yes did is political issue but also an economic issue. some really bad numbers came out of it. all of this uncertainty, we have all known that businesses right now in the last couple of weeks, they have gotten a little nervous. people have held back because they are not sure what is going on. they are not sure how this will end. i think -- look, i still have a lot of confidence that when all is said and done, they will figure it out. all of the leaders are on the same page. all of the same leaders are on the same page. yes, they have an unpredictable, unpredictable group of lawmakers on their hands. so the one thing that i have as a political person, i thought would find surprising at the end of the day, if they do agree what this field will look like, it is going to be a couple of trillion
. >> and this speaks it a big concern in that et fis behind you, that if the aaa bond rating is reduced it'll be on the president's watch. >> right. >> that's been the issue here for this white house bp that's why the number one they want to move this debt ceiling issue away from the next two years. yes did is political issue but also an economic issue. some really bad numbers came out of it. all of this uncertainty, we have all known that businesses right now in the last...
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. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> i'm with your krpt nx market wrap. another batch of updeceit earnings not enough to offset dismal economic numbers and lingering fears about the debt debac debacle. the dow jones industrial tumbling. and absolutely dangerous, how one investor described the atmosphere on wall street today telling cnbc the problem is the market reacts to two thing. greed and fear. right now there's no greed in the air, only fear. a lot of that fear based on the ongoing debate in washington over raising the debt ceiling and cutting the deficit. aps an anemic reading on gdp growth, weaker than expected 1.3% while first quarter numbers were prevised to lower to a paltry 0.4%. over a rough week for the market. all major indices giving up between 3.5
. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> i'm with your krpt nx market wrap. another batch of updeceit earnings not enough to offset dismal economic numbers and...
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. >>> well, the big story today, debt-struction. a lot of political shenanigans, developments coming fast and furious,y might expect this afternoon. widely, the markets are expecting a deal of some findish even if it's a band thade doesn't do much. we'll see what it mean. good afternoon. i'm dylan ratigan. a mass of house votes on yet another revised version of speaker boehner's deal. all of these deal, lick nickels and -- the final vote won't come until later tonight if boehner can whip up the 216 votes to do the deal. couldn't do it yesterday. we start with luke rurt on capitol hill. mike viqueira on standby at the white house. we begin with you, luke. tell me about a tea party politician who ran for the congress in objection to the back room arm twisting where i say i'll take away funding for the bridge, the sochool, the hospital if you don't vote on this? people wouldn't tolerate that and i imagine they're saying i'll withdraw your funding if you don't say yes on this vote? >> the house gop banned earmarks. weren't of the reason
. >>> well, the big story today, debt-struction. a lot of political shenanigans, developments coming fast and furious,y might expect this afternoon. widely, the markets are expecting a deal of some findish even if it's a band thade doesn't do much. we'll see what it mean. good afternoon. i'm dylan ratigan. a mass of house votes on yet another revised version of speaker boehner's deal. all of these deal, lick nickels and -- the final vote won't come until later tonight if boehner can...
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we have a big, big government, susan, that we can't afford. this, i would argue, is all of our fault. it's not just members of congress' fault. it's all americans' fault, because we've let it get to this point. so now we're all sort of uncomfortable because we've got to make some difficult decisions. we all have to act like grown-ups. host: there are a number of stories about the president and the options available to him. here's just one in the "financial times." it says, obama faces legal dilemmas as time runs out. there are discussions about whether he can issue an executive order about the debt ceiling or use the 14th amendment to the constitution. if the president chooses to act independently, what would your reaction be? >> i'd be very disappointed. i think most of congress would be disappointed. i hope he wouldn't do this. with an issue this big, which is just a step in our debt crisis, i think the solution has to be a solution that most american people, again, reflected by this body up here, support. it would be very dangerous, i think
we have a big, big government, susan, that we can't afford. this, i would argue, is all of our fault. it's not just members of congress' fault. it's all americans' fault, because we've let it get to this point. so now we're all sort of uncomfortable because we've got to make some difficult decisions. we all have to act like grown-ups. host: there are a number of stories about the president and the options available to him. here's just one in the "financial times." it says, obama faces...
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if they manage to defeat this vote today, this is going to be a big, big problem for markets. if they don't, you may see markets continue to tread water until there is a solution to this. now, remember, speaker boehner's plan is not likely one that is going to pass the senate. not likely one that is going to get past the president. the bottom line if there is some sense boehner has better control of h over hi members you may see markets allowing a little bit more time. right now markets are largely relaxing but ready to move if this doesn't go the right way. >> thanks, guys. >>> at the bottom of the hour, we will go to wall street for the opening bell and answer a question many of us have right now -- should we take our money out of the stock exchange and where do we put it if so. we will talk to a financial analyst about that. >>> cnn obtained dramatic new video taken minutes after the bombing of the government buildings in norway. it was shot by a hamburg who works in oslo and driving through a tunnel beneath the city's government plaza when the bomb went off. eight people k
if they manage to defeat this vote today, this is going to be a big, big problem for markets. if they don't, you may see markets continue to tread water until there is a solution to this. now, remember, speaker boehner's plan is not likely one that is going to pass the senate. not likely one that is going to get past the president. the bottom line if there is some sense boehner has better control of h over hi members you may see markets allowing a little bit more time. right now markets are...
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no help from big oil. we will give you that too. how about that. they are saying no too. >> reid's plan is a hike through 2012. rather than going through this again around christmas time. $2.7 trillion in saving but no new revenue, no new entitlement. there are some saying these are the same plans. that's not true, is it, senator? >> there are two very important differences. the first is that the reid plan protects medicare, medicaid and social security which is what the american people want. >> it does protect that. >> it does protect all three of them. >> it is very important that by postponing any further action on the debt limit until after the reaction we ask start to get to work on what really concerns americans, which is jobs and getting the economy back together. what the tea party would like to do is keep the manufactured debt republican crisis going and at six months, means we are at it right away. and while all this is going on, we are not paying attention to jobs or the economy and we are not making life better for regular american fami
no help from big oil. we will give you that too. how about that. they are saying no too. >> reid's plan is a hike through 2012. rather than going through this again around christmas time. $2.7 trillion in saving but no new revenue, no new entitlement. there are some saying these are the same plans. that's not true, is it, senator? >> there are two very important differences. the first is that the reid plan protects medicare, medicaid and social security which is what the american...
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it gets better, it gets big. >> this is the fox nooks alert, a final house vote on speaker boehner's plan is set to happen shortly. keep it here. we'll bring you the live vote as it happens. hello, everybody. this is 5:00 on the east coast. this is "the five. we've got a lot to cover tonight. first an outrageous comparison in the "new york times" between the tea party and hezbollah. we have thomas friedman's shameless comments ahead. plus a 2012 round-up, and why michele bachmann is hoping rick perry doesn't throw his hat in the ring. and this, julia roberts banned in the uk. we'll they you why. those stories and much more. "the five" starts right now. we're waiting on the host to hold a final vote on the boehner plan. quickly the highlights of the plan. the plan will cut and cap discretionary spend buying $917 over the next ten years, and louvre the debt ceiling to rise by $900 billion immediately. but this one, very importantly, no new revenue, no tax increase. after the bill passes, which i think it probably will, the democrats have three options. they have cut, cap and balance al
it gets better, it gets big. >> this is the fox nooks alert, a final house vote on speaker boehner's plan is set to happen shortly. keep it here. we'll bring you the live vote as it happens. hello, everybody. this is 5:00 on the east coast. this is "the five. we've got a lot to cover tonight. first an outrageous comparison in the "new york times" between the tea party and hezbollah. we have thomas friedman's shameless comments ahead. plus a 2012 round-up, and why michele...
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i'm contessa brewer covering the big news coast to coast. we begin with breaking news out of texas, where authorities have arrested an army private assigned to fort campbell, kentucky. officials found bomb-making materials in his hotel room. that arrest came after someone reportedly overheard the private threatening to stage an attack on the army post at fort hood. fort hood was the scene of a deadly shooting attack in november 2009. major nadal hassan is accused of killing 13 people and wounding dozens of others. pete williams has the latest from washington now. pete, what do you know about this arrest of the private? >> reporter: right. well, good afternoon. you saw killeen, texas on that map. that's where he was arrested. he's a private first class assigned to fort campbell, but arrested in texas yesterday and according to law enforcement officials, what happened is he went into a gun store in killeen, texas and was asking questions that the gun store owner thought was suspicious. he was also buying smokeless powder which can be used for
i'm contessa brewer covering the big news coast to coast. we begin with breaking news out of texas, where authorities have arrested an army private assigned to fort campbell, kentucky. officials found bomb-making materials in his hotel room. that arrest came after someone reportedly overheard the private threatening to stage an attack on the army post at fort hood. fort hood was the scene of a deadly shooting attack in november 2009. major nadal hassan is accused of killing 13 people and...
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why is today such a big day for so many? peter doocy live in dc with the details. >> at about 3:00 o'clock this afternoon, the house will start debating the boehner bill. that's the one republicans are hoping has the best shot at becoming law. raise the debt limit by $900 billion, then cut spending by $1.2 trillion right now and cut a little bit more a little bit later, six months from now, right in the heart of campaign season. something the republicans who had been resisting supporting this plan are apparently starting to come around. but that doesn't necessarily mean it's got a great shot at becoming law because if it passes the house, it's going to hit a road block in the senate where all 53 democrats said in a letter to speaker boehner yesterday that there is no way they'll support it. they would much prefer their leaders' harry reid's plan, the one that raises the debt limit one time, $2.4 trillion and cuts a little more than that, $2.7 trillion and that would last through the 2012 election and into 2013. but that plan
why is today such a big day for so many? peter doocy live in dc with the details. >> at about 3:00 o'clock this afternoon, the house will start debating the boehner bill. that's the one republicans are hoping has the best shot at becoming law. raise the debt limit by $900 billion, then cut spending by $1.2 trillion right now and cut a little bit more a little bit later, six months from now, right in the heart of campaign season. something the republicans who had been resisting supporting...
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why this school system doesn't want that is a big question. that needs to change. >> david mcfarland from the trevor project. thanks for your time. i want to pass along to everyone out there, if you or someone is feeling bullied or at risk of suicide for anyone across the board. it doesn't matter if you are part of the lgbt community. you can call the trevor project lifeline at 866-488-7386. this lifeline is free and confidential. >>> here is an amazing statistic. half of all new jobs since the recession added has been added in one state alone. the state's governor might consider using this employment boost to help his run for the white house. there is the man himself. [ male announcer ] this...is the network -- a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all th
why this school system doesn't want that is a big question. that needs to change. >> david mcfarland from the trevor project. thanks for your time. i want to pass along to everyone out there, if you or someone is feeling bullied or at risk of suicide for anyone across the board. it doesn't matter if you are part of the lgbt community. you can call the trevor project lifeline at 866-488-7386. this lifeline is free and confidential. >>> here is an amazing statistic. half of all new...
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but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker, and made -- it made for an interesting time to be a staff person. now, on another occasion he had a couple of raccoons bothering his -- on his property and they were bothering some -- a den of baby foxes and he didn't want the baby foxes to be killed by the raccoons so he took out a shotgun, went down to the end of his property and shot the two raccoons and then climbed this the car with his state trooper and headed off to work and of course described this exciting episode of his morning and the trooper said to him, governor, don't you realize that it'
but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker,...
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. >> the big elephant in the room is downgrades. people aren't talking about what happens if we downgrade. that affects everybody watching. >> i don't trust anybody saying this stuff. i don't trust the moody people. i don't even know who they are. all these people are lousy accountants. they've never been right. >> and also, who elected moodies and standard & poor's to guide this? the onus is on the house republicans. they did their job. they passed two things. they passed a 2012 paul ryan budget actually deals with the long-term structural issues we're all worried about, and they passed cut, cap and balance, which also deals with this. cut, cap and balance is the only plan out there that can stave off moodies and standard & poor's, and yet the democrats won't take a vote on it in the senate. >> the idea of a balanced budget amendment, it ain't going to happen. you made a good point. you may not have default in the traditional sense, and moody's said it's a problem, it's a downgrade issue. the downgrade will have an immediate impact
. >> the big elephant in the room is downgrades. people aren't talking about what happens if we downgrade. that affects everybody watching. >> i don't trust anybody saying this stuff. i don't trust the moody people. i don't even know who they are. all these people are lousy accountants. they've never been right. >> and also, who elected moodies and standard & poor's to guide this? the onus is on the house republicans. they did their job. they passed two things. they passed...
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is too big to downgrade. we have heard the adage "too big to fail." but maybe the u.s. is too big to downgrade. as a reality, it will never default on its treasury obligations. all those discussions are being had a back-and-forth with snb. -- s&p. they have to consider along with moody's and fitch that there is talk of default, and to simply ignore that and not have a plan and thinking behind how they would react to that would be a mistake. that is what we want to happen from the last crisis. we want them to be open, honest, transparent and much more timely in terms of how they are analyzing these credits. i think that is happening. host: if the u.s. were at what point aa, could they reget the aaa rating? guest: there is talk about that, how difficult it is to reverse that position. quite honestly, it is in the hands of the congress to come up with something other than token, and pushing past the 2012 elections, any serious consideration of on the more meaningful package to get revenue and expenditures under control. it me be a process of showing progress, not just toke
is too big to downgrade. we have heard the adage "too big to fail." but maybe the u.s. is too big to downgrade. as a reality, it will never default on its treasury obligations. all those discussions are being had a back-and-forth with snb. -- s&p. they have to consider along with moody's and fitch that there is talk of default, and to simply ignore that and not have a plan and thinking behind how they would react to that would be a mistake. that is what we want to happen from the...
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i love politics because it's about big ideas, big reasons, about the kind of country you
i love politics because it's about big ideas, big reasons, about the kind of country you
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that's the big test. he has it figure out if he can get the 217 votes for this bill, which will probably then be at least in his mind, the blueprint for some sort of negotiations to raise the debt ceiling. i think one of the things that a speaker obviously has to dos well is to set up all of the reelection prospects for the members. so the question in 2012, did the speaker pro individual a viegs, rational off of their candidacy and rational for a republican presidency. so i think that's the real test and there will be many other moments the next couple of months as the presidential race unfolds and as other topics come up in the congress. >> well, we'll see. let me ask another question. are liberal's really feeling left behind in conservatives overjoyed by a new poll showing the president losing support on the left. washington post polls said the numbers who liked the president's records on jobs have dropped 22% so far this year. but the huffington post has looked back at history and in fact, president ob
that's the big test. he has it figure out if he can get the 217 votes for this bill, which will probably then be at least in his mind, the blueprint for some sort of negotiations to raise the debt ceiling. i think one of the things that a speaker obviously has to dos well is to set up all of the reelection prospects for the members. so the question in 2012, did the speaker pro individual a viegs, rational off of their candidacy and rational for a republican presidency. so i think that's the...
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you know the big of politics. i wonder, what is it like to stand there as a senator from new hampshire waiting for the president and boehner and the crazy tea party people to cook up a deal, and then you've got to decide on what to do with it. what is the mood now among the grownup senators? >> i think people are very frustrated. it is time now for us to act. we have the whole world watching. we have an economy in this country that will have devastating consequences if we fail to raise the debt ceiling. middle-class families across this country who will be affected with their credit cards, car payments and mortgage payments. this is a manufactured crisis, it doesn't need to be there. it's time for people to put aside their partisan differences and come to the table and get this done. well, i do understand, but i don't want to, this coming together of ideology and crisis management. we have a solvency problem in the federal government, spending more than bringing in. that's a practical problem with a practical solu
you know the big of politics. i wonder, what is it like to stand there as a senator from new hampshire waiting for the president and boehner and the crazy tea party people to cook up a deal, and then you've got to decide on what to do with it. what is the mood now among the grownup senators? >> i think people are very frustrated. it is time now for us to act. we have the whole world watching. we have an economy in this country that will have devastating consequences if we fail to raise...
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he's kind of a big deal within the beltway, a la youtube clips. i'll tweet out the link if you would like to hear it yourself. there's more buzz about house republicans. a movie about bank robbers, what they're listening to when they talk debt? >> the movie is called "the town" and republicans played a clip of the movie, affleck is in the movie, telling his buddy he needs some help, a lot of trust. i need your help, i can't tell you what it is, you can never ask me about it later and we're going to hurt some people. >> which car are we going to take? >> so they show this clip and then in the meeting, republican congressman allen west volunteers if figuratively to drive the car for the republican leadership, but not lost on all of this is what the affleck character in the movie actually does. he and his buddy basically engage in a violent beatdown of a couple of other guys at an apartment. and then suddenly this movie starts provoking jabs from democrats, including affleck. the huffington post reports that affleck says republicans ought to watch hi
he's kind of a big deal within the beltway, a la youtube clips. i'll tweet out the link if you would like to hear it yourself. there's more buzz about house republicans. a movie about bank robbers, what they're listening to when they talk debt? >> the movie is called "the town" and republicans played a clip of the movie, affleck is in the movie, telling his buddy he needs some help, a lot of trust. i need your help, i can't tell you what it is, you can never ask me about it...
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and here's what's coming up tonight the big picture it's back to square one for republicans after speaker baiters grand old plan proved only to be a grand debt limit disaster with only five days left with the house to be able to draw up a new deal before a nation of faults and if the right wing continues to inject their most fear mongering rhetoric into american society that our nation faces the same consequences as norway. you need to know this there was supposed to be a vote in the house tonight on speaker john boehner his debt limit plan but instead the chamber is silent why because droves of republicans came out against boners plan yesterday after the c b o said the proposal doesn't quite deliver on its promises innards of his plan save a trillion dollars actually the cvo. only eight hundred fifty billion so just like that better better full poll the vote now just hours ago beta release day revamped proposal saves nine hundred seventeen billion and he's telling his republican colleagues that it's time to get in line so will they listen and can republicans really be taken seriously any
and here's what's coming up tonight the big picture it's back to square one for republicans after speaker baiters grand old plan proved only to be a grand debt limit disaster with only five days left with the house to be able to draw up a new deal before a nation of faults and if the right wing continues to inject their most fear mongering rhetoric into american society that our nation faces the same consequences as norway. you need to know this there was supposed to be a vote in the house...
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there are big biases in the media. >> stephen: what's your bias? you work for npr, i assume you have a pro tote bag agenda. (laughter) what is your bias? >> i have a pro transparency agenda. i generally like less secrecy, more sunshine, although i do have a fairly large selection of tote bags. sorry. >> stephen:s where the worst bias you seen in other media? >> i think that first of all there's bad news bias. that's the notion that... that makes you think the world is much scarier than it is. and that's a very bad thing. >> stephen: how bad? could it kill us? (laughter) >> because if you're worried about things like socialism and sexting then you're so distracted you won't worry about the fact that it's easy to carry a bomb on to a train. so there's that. then there's narrative biases. >> stephen: well, on the note of it's easy to carry a bomb on to a train, sleep tight, america. brooke gladstone, thank you so much. (cheers and applause) >> thank you. >> stephen: "the influencing machine." we'll be right back. vo: if you like facebook, come to best
there are big biases in the media. >> stephen: what's your bias? you work for npr, i assume you have a pro tote bag agenda. (laughter) what is your bias? >> i have a pro transparency agenda. i generally like less secrecy, more sunshine, although i do have a fairly large selection of tote bags. sorry. >> stephen:s where the worst bias you seen in other media? >> i think that first of all there's bad news bias. that's the notion that... that makes you think the world is...
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that's today's big story again. tonight on "special report," new movement from house republicans after a new plan from house speaker john boehner that has tea party congressmen jumping on board. harry reid says his plan is better, and some want president obama to act on his own to prevent the default. we'll explain. federal reserve officials say the u.s. economy worsened in much of the country during june and early july with high unemployment, weak home sales, and signs of a slowing in manufacturing. we'll look at the financial fallout ahead of a big announcement friday. and one of the country's most famous close its doors. we'll right foot history of the walter reed army medical center. "special report" starts at 6:00. now back to new york and "the five." ♪ ♪ >> all right. welcome back to "the five." now, this section is going to be on one of my favorite topics, which is the government spying on us. now, there's a new -- 40 police departments across the country, have now purchased something, which is a mobile o
that's today's big story again. tonight on "special report," new movement from house republicans after a new plan from house speaker john boehner that has tea party congressmen jumping on board. harry reid says his plan is better, and some want president obama to act on his own to prevent the default. we'll explain. federal reserve officials say the u.s. economy worsened in much of the country during june and early july with high unemployment, weak home sales, and signs of a slowing...
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share a better life. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. helps defends against occasional constipation, diarrhea, gas and bloating. with three strains of good bacteria to help balance your colon. you had me at "probiotic." [ female announcer ] phillips' colon health. woman: saving for our child's college fund was getting man: yes it was.c." so to save some money, we taught our 5 year old how to dunk. woman: scholarship! woman: honey go get him. anncr: there's an easier way to save. get online. go to geico.com. get a quote. 15 minutes could save you 15% or more on car insurance. >>> good afternoon. it's wednesday, july the 27th. and here's what's happening. boehner's blunder part deux. the speaker of the house can't get his facts and figures straight. >> putting humpty dump b
share a better life. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. helps defends against occasional constipation, diarrhea, gas and bloating. with three strains of good bacteria to help balance your colon. you had me at "probiotic." [ female announcer ] phillips' colon...
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it's big whitewater, and as americans we're historically good at big whitewater. >> the real celebrations are still to come, in a city that embraces the majesty of the old and the excitement of the new. >> we'll do it in the way that we believe is spectacular, and it would be spectacular. it's going to be great for the world to watch. it will be great for our children to watch. it's going to be exciting. >> reporter: martin, perhaps as you know better than me, here the folks like to say they are bang on schedule. that's what everybody told us today. six venues here at the olympic park already completed. they're even putting the track down in the not-too-distant future in the stadium behind us. >> we both covered the royal wedding, do you sense there is as much excitement there for this huge event the olympics games for the wedding, for a young man, who as both of us know isn't going to be yet close to the throne, because his father will succeed the queen. >> reporter: that's certainly the case. for the young generation, this is something they're excited about. mind you, this is a year out
it's big whitewater, and as americans we're historically good at big whitewater. >> the real celebrations are still to come, in a city that embraces the majesty of the old and the excitement of the new. >> we'll do it in the way that we believe is spectacular, and it would be spectacular. it's going to be great for the world to watch. it will be great for our children to watch. it's going to be exciting. >> reporter: martin, perhaps as you know better than me, here the folks...
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reform of the entitlements to get a package as big as what is required. we cannot be dealing with the package speaker's talking about $850 billion. we've got to have a package of at least $4 trillion at the end of the day. >> senator, if there's progress on these talks -- if there's some progress on these talks should the president sign a short-term deal, a brief extension while this comes together why this tries to gel? >> no. i don't think that's the first preference. that would create more uncertainty in the markets. i don't think that's the first preference. first preference is to get a process agreed to that getstous the big deal with a significant down payment. >> and with john boehner telling his caucus today get your you know what in line, he doesn't have the çvotes. he can't come up with 217 votes. how does this all come together? does something first have to start many the house or is there a way that harry reid's plan or some change expanded harry reid plan can begin to be seen in both houses? i'm not clear what the road map is. >> you know,
reform of the entitlements to get a package as big as what is required. we cannot be dealing with the package speaker's talking about $850 billion. we've got to have a package of at least $4 trillion at the end of the day. >> senator, if there's progress on these talks -- if there's some progress on these talks should the president sign a short-term deal, a brief extension while this comes together why this tries to gel? >> no. i don't think that's the first preference. that would...
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and it's not small, it's big. and so there is $60 billion a year that -- i mean over ten years that we could save just by reforming the social security and disability system. and that doesn't say you don't want to help people that are disabled. it says you want to do what's the best thing for our country and help those people that are disabled. but we have undermined and we have taken advantage of those who need our love and care and they cheat the system and we have a bureaucracy that doesn't take them off the system, and we have an incompetent system of jurisprudence within the social security administration that puts people on that should never be on. but the attack comes that you don't care about people if you -- if, in fact, you want to fix this program. social security, everybody says don't touch social security. this congress and the congress before it has stolen stolen $2.5 trillion from the money you have put into social security. they have written a little bitty i.o.u. note there and said, well, when you
and it's not small, it's big. and so there is $60 billion a year that -- i mean over ten years that we could save just by reforming the social security and disability system. and that doesn't say you don't want to help people that are disabled. it says you want to do what's the best thing for our country and help those people that are disabled. but we have undermined and we have taken advantage of those who need our love and care and they cheat the system and we have a bureaucracy that doesn't...
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so that is a big deal. the other thing is that what is more important is the loss perhaps in credibility. the speaker said his plan was going to, you know, save something like over a trillion dollars. but it only saves about $850 billion. so that's a bill difference, too. a question of credibility. on the other hand, he buys some time, because there are a number of people in the house of representatives, some of whom who actually spoke out last night and said this thing is not going to pass. i'm not going to vote for it. he gets a little bit more time to try to drum up the support he needs, because once he puts something on the floor, he has got to get a yea vote. >> all right. dan, you know, there is some talk of a band-aid slash patch approach. what would that do? >> reporter: well, look. a message you've heard from the white house last week or so, that the president does not embrace a short-term deal, but if, in fact, it does appear that there is some compromise happening, that both sides have agreed to
so that is a big deal. the other thing is that what is more important is the loss perhaps in credibility. the speaker said his plan was going to, you know, save something like over a trillion dollars. but it only saves about $850 billion. so that's a bill difference, too. a question of credibility. on the other hand, he buys some time, because there are a number of people in the house of representatives, some of whom who actually spoke out last night and said this thing is not going to pass....
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but he can move the democrats on this if you get this big enough deal? >> well, i think that the -- let us try to get through the work, everything's being hyped so much now. but attend of the day, we have got to get our jobs done and we really have to focus on job creation and the economy and get this behind us. >> congresswoman joanne emerson, are you from missouri or missouri? i'm on the missouri side. i'm on the east side. >> all right, congresswoman thanks for coming on "the daily rundown." >>> last one to vote is a rotten egg? so what's on the senate side of this, we're going to talk to senator chuck schumer, he joins us next. >> $14 trillion debt, much of it owned by china. we're near the breaking point. >> the big republican superpac brought through gps steps it up on the obama administration, in the middle of his debt fight, a little china bashing there. we're going to see who wins this battle of public opinion over this deficit. but look ahead at the president's schedule. the less that's on the schedule, the more that's happening, that's the les
but he can move the democrats on this if you get this big enough deal? >> well, i think that the -- let us try to get through the work, everything's being hyped so much now. but attend of the day, we have got to get our jobs done and we really have to focus on job creation and the economy and get this behind us. >> congresswoman joanne emerson, are you from missouri or missouri? i'm on the missouri side. i'm on the east side. >> all right, congresswoman thanks for coming on...
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, big entitlements, big taxes. it has led to economic catastrophe. it's led to huge amounts of burden on the american people. >> bill: what economic catastrophe. >> ever since the beginning of the great society as you pointed out trillions of dollars that began the big uptick in deficit spending. some presidents have spent more than others, okay? >> bill: right. >> every time we have run the far left progressive experiment of dog out money whether it's entitlement programs, bill, whether it's going into the inner city and pumping god knows how many hundreds of billions into education, every time we have run those experiments, the exact opposite effect has happened. not only have the poor not been elevated out of poverty, but you have also perpetuated this cult of dependency and victim hood. >> bill: that's pretty true. what you are say something true. >> in the mackenzie survey you are talking about rich is getting richer and poorer getting poorer. that's the failure of trickle down economics. have you seen time an
, big entitlements, big taxes. it has led to economic catastrophe. it's led to huge amounts of burden on the american people. >> bill: what economic catastrophe. >> ever since the beginning of the great society as you pointed out trillions of dollars that began the big uptick in deficit spending. some presidents have spent more than others, okay? >> bill: right. >> every time we have run the far left progressive experiment of dog out money whether it's entitlement...